Tag Archives: price of gold

Earnings Fall 22% Pawnshops Because Kraft

jaysonhyd   May 6, 2017  
microsoft-blue-track-mouse

Mortgage PT (Persero) recorded a decrease in net income to Rp 718 billion in the first half of 2013. The number is down about 22% when compared with net income in the same period of the previous year of Rp 929 billion. Profit decline was due to a continued decline in the price of gold on the market.

“The decline in gold prices greatly affect the performance of the company’s significant because when the price of gold fell Mortgage loan disbursement will face obstacles because its value will go down as the price of gold down,” said Director of Mortgage Finance Agus Dwi Pramoedya when met at the Central Office Pawn Kramat, Jakarta, Thursday (01/08/2013).

However, he said, although besih profit declined but remains the company’s turnover rose. In the first half of this year, the company’s revenue still grew by 6.5% to Rp 4.1 trillion over the same period the previous year which only Rp 3.8 trillion.

Total assets also go up to Rp 33 trillion in the first half of 2013, an increase of 13% when compared to its total assets in the same period the previous year which reached Rp 29.1 trillion.

From the business side, Pawn is able to achieve a turnover in the pawning business of gold amounting to Rp 46 trillion in the first half of 2013, an increase of 6% from the same period last year of Rp 43 trillion.

“It is conventional. If sharia as of June 2013 was Rp 6 trillion, Rp 5.5 trillion last year finished up 8.6%,” he said.

In addition, the company’s customers also increased 15% to 14.4 million in the first half of 2013, when compared to the same period of the previous year which only 13.7 million.

“Seeing this increase, we believe the mortgage business will continue to grow,” he said.

Profit Down 22.71 Percent Mortgage

jaysonhyd   February 23, 2017  
computer_maintenance

Mortgage PT (Persero) first half net profit in 2013 amounted to Rp718 billion, a decrease of 22.71 percent over the same period in 2012 amounted to Rp929 billion.
“The decline in net profit slump triggered by the price of gold in the International market,” said the Director of Mortgage Finance, Agus Dwi Pramoedya, on the sidelines of the show “Pawn Gebyar Bazar”, in Jakarta on Thursday.
According to him if at the beginning of January 2013 the price of gold reaches approximately 1,483 U.S. dollars per troy ounce, but in June 2013 was in the range of 1,300 U.S. dollars per troy ounce.
According to Dwi, due to the decline in gold prices is continuous then the company had earmarked Rp 400 billion by the end of 2013 in anticipation of the continued decline in prices.
“Spare us prepare to face the potential loss. If the gold price does not go up until the end of 2013, it was forced to take action” for sale “to the collateral. Yagn So the loss was covered by reserves,” he said.
He explained that the decline in gold prices greatly affect the performance of the Mortgage, as appropriate business enterprise is dominated by gold pawn portion that currently account for about 97 percent.
“Mortgage loan disbursement will face obstacles if the thirst of gold continued to decline until the end of the year,” he said.
Despite a decline in net profit expressed Dwi, but in terms of revenue Pawnshop still posted gains.
“During the first semester of 2013, revenue reached Rp 4 Pawn, 1 trillion, up 6.5 percent over the same period of 2012 amounted to Rp3, 8 trillion,” he said.
Likewise, assets, until June 2013 grew about 13 percent to around Rp33 trillion, from the previous Rp29 trillion.
He said, gold pawn business until June 2013 the company was able to print revenue of Rp46 trillion, soaring from about Rp43 trillion previously.
The same time, revenue-based sharia pawning gold reached 6 trillion, up 8.6 percent from the previous Rp 5, 5 trillion.
Truly said Dwi, Pawnshop business as a whole still increase, but only because the price of gold dipped impacting net income.
The number of customers increased Pedagaian still about 15 percent to 14.4 million in the first half of 2013 from the previous 13.7 million customers.
“This marks the mortgage business will continue to grow in the future,” he said.